Global Dust Extractors Market Expanding At A Healthy 8.5% CAGR And Size Is Projected To Total US$ 3.6 Bn By 2028
Global sales of dust extractors exceeded the revenues worth
US$ 1 billion in 2018, which are projected to witness an average Y-o-Y growth
of around 6%, in 2019 and ahead. As envisaged by a new research intelligence
outlook of Future Market Insights (FMI), dust extractors will enjoy significant
gains in the low dust class, accounting for a substantial incremental
opportunity over the course of coming years.
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While adoption of dust extractors in medium dust class will
retain a dominant share over that in the low dust class in the long run, the
latter is highly likely to outpace former owing to the impressive growth of
commercial building sector. Sales are likely to experience a considerable hike
in the forthcoming years, as the demand from major end-use sectors,
particularly commercial building and offices, is on a constant rise.
Construction sites, though envisaged to remain key demand
generator in the dust extractor space, will be closely trailed by the wood
working segment. The report positions wood working applications of dust extractors market as an important demand
contributor to the market and projects a healthy rate of growth for the dust
extractor demand in wood working segment.
DYI Applications Boosting Potential of Online Sales
Channels
Growing number of projects in the commercial space
construction landscape will remain a significant booster for the demand growth
of dust extractors at a global level. Moreover, noteworthy increase in the
number of DIY applications, strongly backed by flourishing online retail
channels, has been cited in the report as important factors impacting the
growth of dust extractor market in years to come. The report has attributed
growth of DIY applications segment to the progress of home improvement
industry, observed in the recent past.
In the light of success registered by leading online
distributors of DIY vacuum cleaners such as Amazon, EBay, Alibaba, and
ShopClues among others, a number of organizations are strategizing their entry
to the E-commerce space. The report projects that power tools sales are likely
to emerge as a popular strategy among players, which are stepping in the online
retail world for DYI vacuum cleaner sales. Growing consumer preference for
online channels while shopping DIY application tools is instrumenting
accelerated online sales of dust extractors, as per the report findings.
However, high price point associated with high-capacity vacuum cleaners will
continue to restrain the accelerated growth of dust extractor market in the
long run.
In line with the potential competitive edge offered by dust
extractor models with compact dimensional design and light weight, key
manufacturers are following the growing trend of high R&D investments in
innovative product launches.
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Japan to Rise as the Industry’s Manufacturing Hub
Europe is envisaged to emerge as a highly profitable region
for the prominent consumers of dust extractors, towards the end of the forecast
period. Currently, the US and Germany represent the most prominent countries
generating significant demand for dust extractors, subsequently benefiting the
markets in North America and Western Europe, respectively.
According to the report, the demand for dust extractors in
developed regions will continue to be favorably influenced by the stringent
regulatory framework of regional governments regarding the usage of vacuum
cleaners.
Furthermore, Japan is also anticipated to be a lucrative
regional market for dust extractors, in terms of value and volume. FMI’s
analysis also depicts that Japan is currently reflecting the potential to
develop into the new manufacturing hub. MEA is also projected to remain a
prominent regional market for dust extractor sales, which has been primarily
attributed to the robust growth of key end-use sectors across the region.
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Dust Extractor Market: Vendor Landscape
The dust extractor market is largely fragmented, as a result
of the strong presence of a large number of local and established players. The
report provides details of some of the key players in the global dust extractor
market, such as Milwaukee Tool, Alfred Kärcher SE & Co. KG, Makitra
Corporation, Hilti Group, Robert Bosch GmbH, DeWalt (acquired by Stanley),
Metabowerke GmbH, Panasonic Corporation, Nilfisk Inc., Tennant Company, Numatic
International Ltd., Electrostar GmbH (Starmix), Bisell Inc., Fiorentini /
Clemas & Co., Verimark (Pty) Ltd., and C & E Fein GmbH.
Dust Extractors Market by Category
Capacity:
- 0.4-1
Ltr.
- 1-10
Ltr.
- 10-20
Ltr.
- 20-40
Ltr.
- Above
40 Ltr.
Power:
- Battery
Operated (Cordless)
- 12 V
- 18 V
- Direct
Power Supply Based (Wired)
Application:
- Professional
Craftsmen (DIY)
- Woodworking
- Car
Service
- Individual
- Garage/Service
Stations
- Construction
Site
- Commercial
Establishment Maintenance & Cleaning
Dust Class:
- Low
- Medium
- By
Sales Channel
- Hardware
Shop
- Wholesale
- Retail
- E-commerce
Platform
Vacuum Pressure:
- 0.01-0.1
Bar
- 0.1-1
Bar
- More
than 1 Bar
Region:
- North
America
- Latin
America
- Eastern
Europe
- Western
Europe
- Oceania
- APEJ
- Japan
- Middle
East & Africa (MEA)
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